Delio, DeFi Yield Farming Service Launch.. DUCATO as a Reward

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A leading digital finance company Delio(CEO James Jung) officially launched an Yield Farming platform, which is a key trend of DeFi protocol, and started the service for the Bithumb users.

Yield Farming is a token rewarding process to provide a liquidity at a DeFi ecosystem and it refers to the operation of assets by reinvesting the compensation to financial services such as higher deposits for additional revenues.

Delio’s Yield Farming Platform is based on receiving DUCATO, which is Delio’s DeFi token, utilizing the lending and wallet service that Delio provides.

When using ‘BTC lending basic’ among the exchange lending products available with Bithumb ID, DUCATO is automatically paid through Delio wallet as a reward. DUCATO, which is paid by yield farming will expend the investment opportunities by depositing again to receive additional interest or providing processes that can be reinvested or swapped with stable coins in the yield farming ecosystem.

Especially, Delio yield farming is available for not only DeFi project, but also Non-DeFi project and Non-ERC20 project so it can expand its service objects.

Besides, by interlocking the decentralized exchange Uniswap and MetaMask wallet, it provides liquidity of the DeFi project that is affiliated with decentralized exchanges such as Uniswap, and the yield farming convenience.

An official at Delio said, “The existing DeFi service and yield farming were not easy to use for general users, especially Koreans. I hope they experience the much easier yield farming service and enjoy the additional benefit”.

Meanwhile, Delio will affiliate its platform with other exchanges, and provide its service derived from expanding its platform such as issuing synthetic asset.

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